PostEx
PostEx delivers ecommerce orders in Pakistan and pays the merchant up front, rather than after the cash reaches it. Courier and lender in one company.
About PostEx
PostEx is a courier and a lender at the same time, and the combination is a response to how Pakistani ecommerce actually settles. Most online orders there are still paid in cash at the door, which means a merchant's money sits in transit for as long as delivery and reconciliation take. Working capital that should be buying the next batch of stock is instead spread across a few thousand parcels. PostEx pays the merchant when the parcel is collected rather than when the cash comes back, and carries the gap itself. Because it is also the courier, it can price that gap against delivery data it already holds rather than against accounts a small online seller may not keep. The company was founded in 2020 by Muhammad Omer Khan, Saad Mahmood, Babar Razzaq and Adil Naseem, and is headquartered in Lahore. In 2022 it acquired Call Courier, which Bloomberg reported as making it Pakistan's largest ecommerce delivery operator; at that point the combined business was handling about 50,000 orders a day across roughly 500 cities. Reported funding stands at around USD 16 million, including a USD 7.3 million pre-Series A led by Conjunction Capital.